Profit Taking as Market Pulls Back. In DXD and TZA

Posted on April 27th, 2009 in Stock Market | No Comments »

As I posted today on Twitter I sold WYNN, ESLR and LVS and bought DXD and TZA. I took profits and put them in to some 2x short ETFs.

Below is the SPY which shows the pullback today on slightly higher volume than Friday. We should pull back into 81-82 and if the volume is around 250 million than I would buy long. For now I am short the market.

spy1

Below is DXD (2x Short the DIA) which I got in at $54.25. First target is $59-61.

dxd

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Green across the board!

Posted on October 20th, 2008 in Long Trade | No Comments »

All gains above 10% today except for GLD…not bad. Like I said in my last posting the market will head up this week as investors come back in for bottom picking in the oversold market.

A reader asked about DRYS and JASO which I think look like good buys. Of the two I like DRYS better on a technical basis for a trade. For a solar play I like ESLR better on a technical basis. ESLR is a buy here around 3.40 and wants to head up to $5 then $6.50.

DRYS has good support $20-22 and should bounce up to $40 then to $60 longer term.

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